Sven Henrich: ‘Imagine you’re $32,000 in Debt and have Only $87 Left in Your Bank Account. That’s the US Government Right Now. But You Got a AAA Credit Rating.’

Sven Henrich: ‘Imagine you’re $32,000 in Debt and have Only $87 Left in Your Bank Account. That’s the US Government Right Now. But You Got a AAA Credit Rating.’

By Investment Watch Blog

Family meeting: If we cut out some money for candy we can still buy more guns and then we can go to $50,000 in debt.
Worst case we just print more money in the basement.https://t.co/9dfkLx36dU

— Sven Henrich (@NorthmanTrader) May 17, 2023

"How much is too much? You're sitting at an almost $32 trillion debt. Your debt is now larger than your economy," Speaker McCarthy has said. "We cannot ignore this problem. We have to put a trajectory that we're actually curbing the spending level." pic.twitter.com/57OYcFzSRk

— unusual_whales (@unusual_whales) May 18, 2023

The US Treasury cash balance is getting very low.

Meanwhile, CNBC says the debt ceiling negotiations are "inching forward"

But Biden and McCarthy just said they're optimistic a deal will be struck. pic.twitter.com/eOhkkMG8vI

— Genevieve Roch-Decter, CFA (@GRDecter) May 17, 2023